Soho Resources Corp.: Exploration Update
VANCOUVER, BRITISH COLUMBIA–( EMWNews – March 31, 2008) – Soho Resources Corp. (TSX VENTURE:SOH) (“Soho” or the “Company”) is pleased to provide an update for its ongoing exploration program at its Tahuehueto Project, located in northwestern Durango State, Mexico.
Falcon Drilling (“Falcon”) has delivered a second diamond drill rig to the Tahuehueto property which commenced operation on March 18, 2008. With the addition of this drill rig there are now a total of four active drill rigs on site.
Since the beginning of January 2008 a total of 22 holes have been drilled, five on the Cinco De Mayo Zone, four on the Catorce Zone with one in progress, seven short initial test holes on the Texcalama Zone, four on El Creston Zone with two more in progress and two on the Santiago Zone with one in progress.
Drill core samples from 17 holes (one from 2007) have been delivered to the lab and are in various stages of the analysis process. Samples from 6 additional recent holes are in the process of being collected and prepared for shipment from site to the lab’s sample processing facility. Four additional drill holes are currently in progress and will be submitted to the lab upon completion of drilling, logging and sampling.
“This year’s exploration drilling program is proceeding very well and Hall Stewart, our V.P. Exploration has done an excellent job of managing the program and its data output under trying conditions,” states Mr. Ralph Shearing, President of Soho. “Falcon Drilling has proven to be an extremely capable drill contractor, and now with the increased drilling rate we expect to provide a more regular flow of drill results to our shareholders throughout the year. I am also very happy to say that we are very close to releasing our initial resources calculation and expect to substantially add to that initial resource with continued drilling throughout 2008.”
NI 43-101 Initial Resource Calculation
In late 2007, Soho submitted the necessary data required for its’ first NI 43-101 resource calculation to Mine Development Associates (“MDA”) of Reno Nevada. MDA is nearing completion of this resource calculation however, they have communicated to Soho that they have had to revise their target for completion from the end of March 2008 to mid to late April 2008. MDA has assured Soho that they are working extremely hard to complete the calculation and report as quickly as possible. Considering that the resource is being calculated from 5 zones covering approximately 2.5 km of strike length and individually modeling five different elements, (Au, Ag, Cu, Pb and Zn), it is not surprising that there is a small delay to MDA’s initial estimated completion date of the resource calculation.
On behalf of Soho Resources Corp.,
Glen Sandwell, Manager, Investor Relations
If you would like to receive information on Soho Resource Corp. and its exploration project please contact the Investor Relations Department by email or phone or visit our website at www.sohoresources.ca for the most up to date information and results.
WARNING: The Company relies upon litigation protection for “forward-looking” statements. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Soho Resources Corp. relies upon litigation protection for forward-looking statements.
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